Romney struggles to explain how he lost 5 million jobs

He did, I heard Obama say that himself, if he got the stimulus passed which he did, he promised unemployment would go down to 5%. But it actually has increased under him with more Americans out of work than ever before.

But you guys are willing to give him a pass on everything, so it only makes sense that you can't remember his own promises.

Yeah, and one of you morons posted a [selectively edited] video that made it sound like Obama said "I am a Muslim"...which he didn't say... GIve me a break... You heard it?? Oh wow... I'll check with FauxNews to see if it's "true".... :Snooze

Those were "promises" just like RMoney's "promises" to create "12 million"...er, "7 million" jobs.... Which still doesn't explain how he lost 5 million jobs.

More Romney Lies – A “Below 8% Unemployment Figure” Was Never Promised by Mr. Obama

Here is an exact quote from Mitt Romney;

“Three years ago, a newly elected President Obama told America that if Congress approved his plan to borrow nearly a trillion dollars, he would hold unemployment below 8 percent.”

Although that piece of information is sweet to the listening ears of his Republican base, the facts surrounding the Stimulus and the 8% unemployment figure proves that in addition to mastering the art if shipping American jobs overseas, Mitt Romney is also good at one other thing – lying to the American public.

Here are the facts:

Interestingly, the information to disprove this claim exists on the Romney campaign Web site. Far from being anything that Obama said, the Romney campaign acknowledges that this 8 percent figure comes from a staff-written projection issued Jan. 9, 2009 — before Obama had taken the oath of office. Of course, the campaign still spins it as a negative.

Here’s what happened. Two Obama aides, Christina Romer, the nominee to head the Council of Economic Advisers, and Jared Bernstein, an incoming economic adviser to Vice President-elect Biden, wrote a 14-page report that attempted to assess the impact of a possible $775 billion stimulus package and how much of a difference it would make compared to doing nothing.

Thus, it was not an official government assessment or even an analysis of an actual plan that had passed Congress.

Page 4 of the report included a chart that showed that unemployment would peak at 8 percent in 2009, compared to 9 percent in 2010 if nothing was done. But the report also contained numerous caveats and warnings because, after all, it was merely a projection.

In any case, Obama himself never “told America” that his plan “would hold unemployment below 8 percent,” as Romney claims. This was merely a staff report about a generic stimulus package, not even Obama’s own plan.

A Romney spokesman did not respond to a request for comment.

http://ezkool.com/2012/04/more-romney-l ... -mr-obama/

And: "All Jeep production is being moved to China...."

Democracy4Sale wrote:

FredHayek wrote: And aanother lie from Obama, he promised to cut the debt in half instead of adding 5 trillion to it. And he promised to cut unemployment to 5% or he would be a one term president. Not enough tough enough to be like a man and let someone else run in his place.

Uh, actually, no he "didn't promise" to cut unemployment to 5%.... Uh, no, actually, he didn't "promise to cut the debt in half." That's just the usual bullsh*t talking points that you've repeated so often you actually believe them... I put those in the same category as: "Jeep is moving all its production to China."....i.e., it's a LIE....

FredHayek wrote: Once again you guys are playing with campaign promises

OK, he didn't "promise" to cut the debt in half. He was talking about the deficit. And he pledged to cut it in half.

[youtube:1yttzi76][/youtube:1yttzi76]

http://www.politifact.com/truth-o-meter/statements/2012/oct/04/mitt-romney/romney-says-obama-promised-cut-deficit-half/

And while I'll agree Obama didn't "promise" to cut unemployment to about 5% by now, his administration did publish a study which projected unemployment should be at about 5.2% by now, and that study was used to justify the over $800 billion spent on the stimulus. I could provide the graph again, but what's the point? It's only about money, deficit, and eventually debt...

Like I said... He didn't "Promise" to "cut the debt in half." :Snooze

He also didn't promise get unemployment down to 5% ... Let me know when you find that one....


Oh, and "Jeep is [NOT] going to send all their production to China..."

So, you admit those are all campaign LIES by the Mitt-flop campaign... Thanks... It's about time...

Obama pledged to cut the deficit in half, and projected that unemployment would be down to about 5.2% by now in order to justify spending over $800 billion.

And to you, that's more important than Jeeps in China or binders of women?

Go figure. rofllol

FredHayek wrote: Even if Romney does use the goverment to turn around troubled organizations like the Salt Lake City Winter Olympics, it is Mitt doing, instead of delegating like Obama did with ACA and stimulus, just let Pelosi and Reid feed the money tho their buddies.

Let's see how did Romney turn around the salt lake city olympics. He went to the federal taxpayer for $1.5 billion to bail out the fiasco. Sounds like a "stimulus" package to me. Of course, Romneycare is nothing similar to the ACA, except it is.

Bramnick said "the president promised that if he spent money on a stimulus program that unemployment would go to 5.7 percent or 6 percent. Those were his words."

We found no evidence the president or his advisers ever made a public pledge that the stimulus would drive the unemployment rate down to the figures Bramnick cites.

Two economic advisers estimated in a 2009 report that with the stimulus plan, the unemployment rate would peak near 8 percent before dropping to less than 6 percent by now.

But those projections came with heavy disclaimers, with the authors emphasizing the considerable uncertainty of their estimates.

Those are critical details Bramnick’s statement ignores.

We rate this statement Mostly False.
http://www.politifact.com/new-jersey/st ... -stimulus/

Like I said, the Obama unemployment figures were projections, not promises. But again, the figures were used to justify over $800 billion in spending, and the projections totally failed.

I "like" the part about "heavy disclaimers". If your insurance company pulled that on you for a major claim, would you just agree with them that they had "heavy disclaimers"? Really... $800 billion?

I've shown several graphs before on this projection. Here is another one, though the actual figures are a few of months behind and we are at 7.9% now. Still, a pitiful projection based on the billions spent.

http://s3.amazonaws.com/dk-production/images/9492/large/gdp.jpg?1351923754


Of course if the GOP had not obstructed the Jobs bills proposed by the President, we would be in so much better shape employment wise. But with the Republicans putting their political party above the American public, the growth that we did have was amazing.